Latest news with #RM612
BusinessToday
06-05-2025
- Business
- BusinessToday
Hartalega's FY2024 Profit Jumps 6-Folds To RM72 Million
For the current quarter ended 31 March 2025 (Q4FY25), rubber glove maker Hartalega reported revenue of RM612 million, an increase of RM81 million or 15% compared to the preceding year (Q4FY24). The notable revenue growth was primarily driven by an increase in sales volume of 9% and the strengthening of average selling price (ASP) of 6%. The Group recorded an operating profit of RM9.6 million during the quarter, recovering from an operating loss of RM12.5 million in Q4FY24. This improvement was primarily driven by the higher sales volume and improved operating margin underpinned by an increase in average selling price (ASP) and enhanced operational efficiencies. Despite the increase in operating profit, the Group has registered profit before tax of RM17.6 million, representing a slight decrease as compared to RM18.6 million during Q4FY24. The decline in profitability was mainly due to lower non-operating income recognised during the quarter, which negated the impact of revenue growth for the period. For the 12 months ended 31 March 2025 (12MFY25), the Group achieved revenue of RM2.6 billion, representing a significant increase of RM747 million or 41% compared to the previous financial year (12MFY24). The revenue growth was mainly driven by a 40% increase in sales volume for the year. Operating profit turned positive, at RM53 million compared to an operating loss of RM24 million in 12MFY24. PBT stood at RM48 million, reflecting a 24.7% improvement from RM38 million in 12MFY24. Profit after tax surged more than 6 fold to RM72 million compared to RM12 million recorded in the year before. Hartalega said the profitability improved marginally and was primarily attributable to the significant revenue growth and improved production efficiencies, offset by lower other operating income and adverse foreign exchange fluctuations during the year, which contributed to margin compression Related
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New Straits Times
22-04-2025
- Business
- New Straits Times
MARKET PULSE PM APRIL 22, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia's 30-stock benchmark index declined amid rising global uncertainty and the resurgence of trade tensions under US President Donald Trump. The index ended the day down 0.88 per cent, settling at 1,486. The ringgit ended lower against the US dollar, closing at 4.3850. Analysts said while a softer US dollar may offer some short-term support for the ringgit, persistent global risk aversion is expected to cap any significant gains. In the cryptocurrency market, Bitcoin is currently trading at RM388,250 after subdued trading, while Ethereum stands at RM7,149. Solana is priced at RM612. That wraps up today's Market Pulse.
